Technical analysis by maramo89 about Symbol PAXG: Sell recommendation (5/16/2024)

Gold is extremely bullish, trying to play short this one (R:R 1 to >4). The only thing that refrains me from going long is that there is unfinished business around $2100 area. When I'll see that demand zone filled/retested, it'll give me more confidence on the bullish move. Also, we never retested that zone, that used to be a huge resistance zone, so it kind of make sense to me to play it.